Real Estate News

Investors are looking to participate and partake of the opportunity to sell to Africa’s growing middle class with growing pockets. These investors are looking for the opportunity to participate in the growth of modern shopping malls and office blocks in sub-Saharan Africa. Launched October 24, 2013, African Land Investments (ALI) will invest in existing retail and commercial real estate assets across the ...

As a company, we (Realty Point Limited) endorse and embrace the definition of Corporate Social Responsibility as proposed by the World Bank when we embark on the social responsibility of becoming corporate citizens. Corporate Social Responsibility is the commitment of business to contribute to sustainable economic development – working with employees, their families, the local community and society at large ...

London-based Scarborough United Group Plc, SUGPlc, has announced it plans to invest N77.89 billion ($500 million US) in Nigeria’s real estate, leisure and football (soccer) services in the next six to nine months. Sheffield United, owned by Scarborough, is a major sports brand in the United Kingdom. Nairaland Forum and All Africa, two Lagos-based online publications, separately reported Scarborough United, ...

Talk show host Ellen DeGeneres and partner Portia de Rossi have made their next move in the real estate game. This time, the couple sold their Beverly Hills penthouse for a paltry $843,900 – at least paltry compared to their other real estate transactions. Only two weeks ago they listed their California ranch for $10.995 million before bumping up the ...

Lagos State governor, Babatunde Fashola, yesterday 10th April 2013, immortalised the former Secretary General of the Commonwealth, Chief Emeka Anyaoku, by naming the newly completed housing estate located in Ikeja Government Reserved Area (GRA), after him. Speaking at the commissioning of the Housing Estate, Fashola said the honour was in recognition of Anyaoku’s contributions to the development of the Nigerian ...

Governor of Lagos Fashola commissions Committee of Wives of Lagos State Officials (COWLSO) retiree villa for retired civil servants in the state. The  proposed total fund needed for the completion of the project was N285 million. The ceremony took place at the retirement villa at Lekki on Thursday 27th June 2013. The project began in 2010 and was completed 2013. ...

Globacom has launched a mouth-watering and innovative product tagged Phonelord which rewards its subscribers for housing Glo SIMs in their phones. The company said from now on it would pay its subscribers rents for using their phones to provide shelter for their Glo SIMs just like tenants pay rents to landlords. Launching the product in Lagos on Wednesday, July 10, Globacom’s Coordinator ...

Congratulations to the staff and management of Realty Point Limited on promise delivered to the family of Mr And Mrs Gbolahan Soetan, the first subscriber to move into and start residing in our estate- Prime Estate 2, Sagamu-Papalanto Road, Mowe/Ofada Ogun state. They moved in on Friday August 3, 2012 and we honoured the iconic feat with a letter of ...

Stakeholders in the Nigerian housing and construction industry are set to discuss how the sector can adapt to the phenomenon of climate change at the Lagos Housing Fair. The stakeholders, who will gather at the 13th Lagos Housing Fair in Ikeja between April 29 and May 4, are expected to focus on contemporary issues in housing development as well as ...

The Lagos State Government has released over N1.025bn as compensation for owners of landed properties affected by development activities in the state. The Lagos property owners are to divide the compensation grant among themselves. According to a statement by the state Lands Bureau, the compensation was paid to those whose landed properties and buildings were acquired for overriding public interest ...